Bring ASEAN to the People to Enhance its Relevance, Says PM
India sees role for US in integrating regional energy markets
ADB and Boao Forum for Asia to strengthen cooperation and communication
Emerging Asia a big draw for worldwide investors
Asian monetary integration still a long way off: World Bank expert
Asian nations rise up in mutual confidence
Five "E"s for BFA's development in next five years, Ramos
Integration Key to ASEAN Competitiveness, says ASEAN Sec-Gen
Economic Pact can Integrate India with ASEAN
World Economic Forum in Japan for first time
UN meeting on Asia-Pacific mulls two-track approach for regional development
Centre to Review FTAs Skewed Against India
Asia forex reserve warning
'India should aim at becoming part of Asian Economic Community'
PM steps in to save ASEAN-India FTA
Japan pushes massive Asian free-trade zone
Singapore Plans to Develop SEZ in India
Economic Growth Remains on Track for ASEAN
Japan eyes East Asia free trade pact
Japan proposes establishing East Asian Economic Community
ASEAN vision for economic integration shouldn't block individual FTA talks
Asia, Addicted to Exports, Must Look Within: William Pesek Jr.


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Bring ASEAN to the People to Enhance its Relevance, Says PM
(Bernama The Malaysian National News Agency Via Thomson Dialog NewsEdge)

TMCnet.com April 30, 2006

Prime Minister Datuk Seri Abdullah Ahmad Badawi t spoke of the need for more earnest efforts to bring ASEAN to the 530 million people in its 10 member countries rather than being a forum for diplomats, ministers and heads of government.

Maintaining that the nearly 40-year-old ASEANn was still relevant today, he said efforts should be made to consolidate this region as one economic unit to face bigger challenges with the emergence of China and India as economic giants.

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http://www.tmcnet.com/usubmit/-bring-asean-the-people-enhance-its-relevance-says-/2006/04/30/1626003.htm

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India sees role for US in integrating regional energy markets
Outlookindia.com, April 26, 2006

India, which has reached a landmark agreement with the US on civilian nuclear cooperation, has asked Washington to play a role in promoting energy security by encouraging integration of regional energy markets. Highlighting the potential that exists for greater collaboration between the two countries in the energy sector, Indian Power Minister Sushil Kumar Shinde said the US can also play "a role in regional energy cooperation and ensuring energy security by promoting greater cooperation and integration of regional energy markets in electricity and natural gas.


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http://www.outlookindia.com/pti_news.asp?id=380698


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ADB and Boao Forum for Asia to strengthen cooperation and communication
People’s Daily Online, April 23, 2006

Asian Development Bank (ADB) and the Boao Forum for Asia (BFA) signed a Memorandum of Understanding (MOU) on Saturday that aims to strengthen cooperation between the two organizations.

According to the MOU, the two organizations will cooperate in developing knowledge products and services with a focus on trade and investment related activities.

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http://english.people.com.cn/200604/23/eng20060423_260399.html

 

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Emerging Asia a big draw for worldwide investors
People’s Daily Online, April 23, 2006

The emerging Asian market has increasingly attracted worldwide investors as it is geared by robust development of the electronic industry and economic growth in China and India, according to a report released at the 2006 annual meeting of Boao Forum for Asia (BFA) on Friday.

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http://english.people.com.cn/200604/22/eng20060422_260328.html


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Asian monetary integration still a long way off: World Bank expert
People’s Daily Online, April 22, 2006

Bert Hofman, leading economist of the World Bank Office in Beijing, said that there is still a long way to go before Asia can launch its monetary integration. He said at the press conference for Boao Forum for Asia 2006 that for many years a lot of institutions such as the ADB have been discussing monetary integration ever since the Asian financial crisis in the 1990s. "However, there seems to be considerable questions concerning what should go first in pursuing monetary integration," he said.

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http://english.people.com.cn/200604/22/eng20060422_260329.html


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Asian nations rise up in mutal confidence

The ongoing 2006 Boao Asia Forum, held in its name-sake home city in South China's Hainan Province, has chosen the theme of "Asia in Search of Common Prosperity New Opportunities for Asia," which reflects the reality of Asian countries and the aspiration of all Asian people. Asian countries today have on their shoulders the all-important historical task of common security, common development and common prosperity.

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http://news.xinhuanet.com/english/2006-04/22/content_4459334.htm


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Five "E"s for BFA's development in next five years, Ramos
Xinhua, April 21, 2006

Fidel V. Ramos, Chairman of Boao Forum for Asia (BFA) and former President of the Philippines, said on Friday that the forum aims to develop the "five Es" over the next five years. The five Es are economic integration of Asia, energy development, empowerment of the people, efficiency and expansion of membership. To promote the economic integration process of Asia is one of the major missions of the forum, Ramos said.

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http://news.xinhuanet.com/english/2006-04/22/content_4459195.htm

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Integration Key to ASEAN Competitiveness, says ASEAN Sec-Gen

Bernama, April 18, 2006

Economic integration will remain the key to ASEAN competitiveness in the face of fiercer competition in the global market place, ASEAN Secretary-General Ong Keng Yong said.

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http://www.bernama.com.my/bernama/v3/news_business.php?id=192226


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Economic Pact can Integrate India with ASEAN
Hindu Business Line 13 April, 2006

The Union Commerce Minister, Kamal Nath has envisioned the possible emergence of "a formidable triangle" consisting of India, China and the ASEAN by 2015.

Speaking on Wednesday at an Asia Pacific business summit in Singapore, called Connecting India, Kamal Nath said that the triangle would indeed be "a pulsating economic hub. The centre of commercial activity on the global stage would have shifted from the Atlantic Ocean to the Indian Ocean by 2015."

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http://sify.com/finance/fullstory.php?id=14183613



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World Economic Forum in Japan for first time
April 12, 2006

World Economic Forum, in partnership with Keizai Doyukai (Japan Association of Corporate Executives), announced its Forum on East Asia, which will be held in Tokyo on 15 and 16 June 2006. The theme of this year's meeting is Creating a New Agenda for Asian Integration, which reflects the growing need for regional institutions to explore the future viability of Asia's current growth model and to adapt to the global forces reshaping Asia's business environment in such sectors as IT, telecommunications, finance and energy.

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http://www.fibre2fashion.com/news/daily-textile-industries-news/newsdetails.aspx?News_id=15501


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UN meeting on Asia-Pacific mulls two-track approach for regional development
UN News Centre, April 12, 2006

11 April 2006 – A major United Nations meeting on the Asia-Pacific region today discussed a two-track approach to cooperation focusing on both cross-border infrastructure development, such as highways and railways, and infrastructure investment like bonds and a development bank.

Two existing initiatives are already underway - the Asian Highway and the Trans-Asian Railway, a system of new or upgraded roads, track, bridges and tunnels facilitating trade and tourism both within Asia and between Asia and Europe.

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http://www.un.org/apps/news/story.asp?NewsID=18115&Cr=ESCAP&Cr1

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Centre to Review FTAs Skewed Against India
G GANAPATHY SUBRAMANIAM
Economic Times, April 11, 2006

The series of FTAs signed by India recently is turning into a headache for the government due to sensitivities of vulnerable sections like farmers and textile industries. A comprehensive review of all such agreements is on the cards. Deals on the drawing board would also be put under the scanner. Meanwhile, the government is likely to incorporate tariff-rated quotas (TRQs) in all FTAs to protect farmers and small industries.


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http://economictimes.indiatimes.com/articleshow/1485386.cms


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Asia forex reserve warning
April 10, 2006

Asian countries, including China, already have ample foreign exchange reserves and there is no need for them to accumulate more, Asian Development Bank (ADB) president Haruhiko Kuroda said.

Click here to read further : http://www.thestandard.com.hk/news_detail.asp?pp_cat=22&art_id=16198&sid=7444592&con_type=1

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'India should aim at becoming part of Asian Economic Community'
The Hindu, April 9, 2006

India must actively take part in the EAS with the aim of becoming part of an Asian Economic Community that could evolve into a trade bloc comparable to the EU. This proposal has been made by the think-tank Research and Information Systems (RIS) which argues that it is of "critical importance" for India to take part in the summits and secure preferential access for Indian manufacturing industry to some of the world's largest and most dynamic markets.

In its latest report on an employment-oriented export strategy released here on Friday by the Union Commerce and Industry Minister, Kamal Nath, RIS says "strategic access to markets has become an important factor of competitiveness. It is pushing countries all over the world to set up FTAs and RTAs to get preferential access to markets. India has taken steps to evolve such arrangements with ASEAN, Thailand and Singapore and is part of emerging SAFTA and BIMSTEC free trade areas, it concedes.

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http://www.hindu.com/2006/04/09/stories/2006040906001700.htm

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PM steps in to save ASEAN-India FTA

Roadblocks in the way of ASEAN- India Free Trade Agreement appear to have been removed following Prime Minister Manmohan Singh's intervention on the crucial issue of sensitive farm products like pepper, rubber, palm oil, coffee and tea.

A meeting, convened for this purpose by the Prime Minister, was attended by Commerce Minister Kamal Nath and Agriculture Minister Sharad Pawar. Both the Ministries have been asked to hold consultations on Tariff Rate Quota (TRQ) approach for these products in the FTA ahead of the Trade Negotiating Committee of ASEAN-India FTA meeting beginning April 24, official sources said.

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http://www.chennaionline.com/colnews/newsitem.asp?NEWSID=%7B85989F99-47F3-4435-A4B4-11F4761C065B%7D&CATEGORYNAME=NATIONAL

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Japan pushes massive Asian free-trade zone
5 April, 2006, Doha Time
Gulf Times

Japan said yesterday it will propose the formation of a vast Asian economic free-trade zone that would cover about half the global population and rival the EU and Nafta markets.

The 16-nation proposal would include China and India, the world’s two fastest growing major economies, along with the 10-member Association of Southeast Nations (Asean) and Australia, Japan, New Zealand and South Korea.

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http://www.gulf-times.com/site/topics/article.asp?cu_no=2&item_no=80270&version=1&template_id=48&parent_id=28

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Singapore Plans to Develop SEZ in India

Hindu Business Line, April 5, 2006

Singapore is actively considering developing a Special Economic Zone (SEZ) in India to bring in a large range of industries.

This has been indicated in the joint statement on themed-term review of the India-Singapore Comprehensive Economic Co-operation Agreement, which was jointly conducted by the Union Commerce and Industry Minister, Kamal Nath, and the Singapore Minister for Trade and Industry, Lin Hng Kiang, on March 31 in Singapore.

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http://www.blonnet.com/2006/04/05/stories/2006040503830900.htm

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Economic Growth Remains on Track for ASEAN
Bloomberg News, April 5, 2006

Economic growth among members of the ASEAN may this year maintain or exceed last year's 5.5 percent pace as exports and investment rise, the group's secretary general Ong Keng Yong said.

"The outlook for ASEAN economies is generally favorable," Ong said in an interview Tuesday on the sidelines of a meeting of Southeast Asian finance ministers in Siem Reap, Cambodia. "There are signs that demand in the developed markets is still good and that foreign investors are looking at ASEAN."

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http://www.iht.com/articles/2006/04/05/bloomberg/sxasean.php

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Japan eyes East Asia free trade pact
April 4, 2006

Japan's trade ministry wants to create an "East Asia" free trade zone including southeast Asia, China, India and Australia, an official said in a renewed push for regional economic integration. Japan, keen not to fall behind China, has stepped up its pursuit of free trade agreements in recent years but progress has been slow, with negotiations often complicated by Tokyo's desire to protect the nation's agriculture industry.


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http://today.reuters.com/news/newsArticle.aspx?type=worldNews&storyID=2006-04-04T045425Z_01_T92143_RTRUKOC_0_US-TRADE-JAPAN-ASIA.xml


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Japan proposes establishing East Asian Economic Community
April 4, 2006

Japan will propose to 15 Asian neighbors the launching of talks in 2008 aimed at reaching a region-wide free trade agreement as a precursor to establishing an East Asian economic community, Japanese Economy, Trade and Industry Minister Toshihiro Nikai said.

Japan will ask the ASEAN, Australia, China, India, New Zealand, and the Republic of Korea to consider the regional FTA talks, he further said.

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http://www.vnagency.com.vn/NewsA.asp?LANGUAGE_ID=2&CATEGORY_ID=34&NEWS_ID=193639



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ASEAN vision for economic integration shouldn't block individual FTA talks
April 4, 2006

Southeast Asia's aim to boost regional economic integration shouldn't stop individual countries from seeking bilateral free trade pacts, Malaysia's international trade minister Datuk Seri Rafidah Aziz said.

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http://thestar.com.my/news/story.asp?file=/2006/4/4/nation/20060404143727&sec=nation


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Asia, Addicted to Exports, Must Look Within: William Pesek Jr.
Bloomberg, April 3, 2006

The World Bank's latest take on East Asia is both wonderful and terrible. The Washington-based institution raised its 2006 growth forecast for East Asia -- excluding Japan and the Indian subcontinent -- to 6.6 percent from its November estimate of 6.2 percent. It lauded economies for their remarkable resilience in the face of high oil prices.

``Coming into 2006, things look quite strong,'' Homi Kharas, World Bank chief economist for East Asia and the Pacific, said in Sydney on March 30.

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http://quote.bloomberg.com/apps/news?pid=10000039&refer=columnist_pesek&sid=aQyQ0gGnx.Is

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